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Beijing Plans to Invest $1 Billion in Development Projects in Islamabad

Besides this, he also said the pace of development projects under the China-Pakistan Economic Corridor (CPEC) was satisfactory

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Beijing, Invest, Islamabad
He made the announcement while addressing the Islamabad Women's Chamber of Commerce and Industry (IWCCI) on Saturday, The Express Tribune reported. Pixabay

Yao Jing, the Ambassador of China to Pakistan, has announced that Beijing has planned to invest $1 billion in development projects in Islamabad.

He made the announcement while addressing the Islamabad Women’s Chamber of Commerce and Industry (IWCCI) on Saturday, The Express Tribune reported.

Besides this, he also said the pace of development projects under the China-Pakistan Economic Corridor (CPEC) was satisfactory and the second phase of the China-Pakistan Free Trade Agreement (CPFTA) will be finalised in October after which 90 per cent of Pakistani exports including agricultural products and seafood will attract a 0 per cent duty.

“Market access will increase Pakistan’s exports by $500 million, which will reduce the disparity between bilateral trade,” said Yao.

Beijing, Invest, Islamabad
Yao Jing, the Ambassador of China to Pakistan, has announced that Beijing has planned to invest $1 billion in development projects in Islamabad. Pixabay

The envoy remarked that Chinese businesswomen would be invited to participate in the fifth Islamabad Expo scheduled in November to explore the market and promote networking.

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“In addition, women entrepreneurs of Pakistan would be sent to China to participate in the expos and explore business opportunities,” he added. (IANS)

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Twitter Co-Founder to Invest in Kochi-Based Start-up

Twitter co-founder and Angel investor Biz Stone on Friday said he would be investing in Sieve

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Business, Twitter, Invest, Investment, Start-up, Kochi
A man reads tweets on his phone in front of a displayed Twitter logo. VOA

Twitter co-founder and Angel investor Biz Stone on Friday said he would be investing in a Kochi-based start-up, Sieve.

Stone said this through a video conference while addressing Huddle Kerala 2019, a start-up meeting held here.

Founded by Sanjay Nediyara, a hearing-impaired entrepreneur, Sieve is a complete platform for freelancers and agencies that provide the infrastructure from websites to digital signatures and all way up to invoicing and payment management.

The company currently serves in the US market and will soon be expanding to Europe.

Stone said he has used the product of Sieve as a freelancer.

Business, Twitter, Invest, Investment, Start-up, Kochi
Stone said this through a video conference while addressing Huddle Kerala 2019, a start-up meeting held here. Pixabay

“As an Angel, I consider the person first and the product second. I find Sanjay a dedicated, empathetic and extremely hardworking individual,” said Stone in his video address.

ALSO READ: Tax Policy Changes to Allow for Freeing Up Cash-Flows that Companies can Utilise

He, however, did not divulge his quantum of investment. (IANS)